Markets

Shopee, Garena post strong revenue

Shares of Southeast Asian e-commerce and gaming company Sea Group surged after its first-quarter earnings beat analysts’ expectations on Tuesday. Sea’s U.S.-listed shares rose 14% to close at $80.21 after the Singapore-based internet company reported earnings that beat analysts’ expectations in the first quarter of this year. Here’s how the NYSE-listed company fared from January …

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Asia stocks mixed; Japan’s first quarter GDP data released

SINGAPORE — Stocks in Asia Pacific were mixed on Wednesday morning following comments from U.S. Federal Reserve Chairman Jerome Powell, who said he was committed to raising rates until inflation subsides. The Nikkei 225 in Japan rose 0.7% while the Topix index traded up 0.67%. Japan’s economy shrank 1% on an annualized basis in January-March …

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